Impact of that EU ban on Russian oil was quickly felt at UK petrol pumps

The video discusses the record-high fuel prices and their impact on various sectors. It highlights the complex causes, including the war and global oil market dynamics, which lead to increased costs for motorists and businesses. The ripple effect of rising fuel prices affects logistics, inflation, and the broader economy, with businesses struggling to absorb costs. The video also touches on the impact on the plastics industry and the challenges faced by consumers and businesses alike.

What has been the impact of rising oil prices on the cost of plastics used in manufacturing?

What challenges do businesses face when trying to pass on increased costs to customers?